Disney Stops '20,000 Leagues Under the Sea: Captain Nemo' From Sailing

The studio announces that the film has been halted indefinitely, while McG has withdrawn as director and producer of the film.

20,000 Leagues Under the Sea: Captain Nemo" has become a sink boat at Disney. Although it was previously reported that the remake of 1954 film "20,000 Leagues Under the Sea" would be on a fast track, the studio has announced that they will not proceed with the movie for now.

Additionally, representative for McG, who was attached to direct and produce, has confirmed that the filmmaker left the project. As a consequence, the movie is on hold indefinitely until Disney's new chairman, Rich Ross, finds a good time to put it back into production once again.

"20,000 Leagues Under the Sea: Captain Nemo" has actually had drafts by Randall Wallace and Bill Marsilii. The film, which was originally scheduled to begin its production in February 2010, was supposed to be an origin story about how Captain Nemo constructed his warship, the Nautilus.

Will Smith was wanted by McG to play the titular character, Nemo. Despite the director's expectation about the lead actor for the movie, Production Weekly later reported that Dwayne "The Rock" Johnson was attached to portray the scientific genius.